Minneapolis Real Estate

MinneapolisCity of Lakes
Experience counts - put 24 plus years of success to work for you.
Presented by:
John Mazzara
612-386-7027
john@johnmazzara.com

Fast Facts and Figures
Founded: 1849 (incorporated, 1866)
Head Official: Mayor R. T. Rybak (D) (since 2002)
City Population: 390,131 (2009)
Area: 54.9 square miles (2000)
Elevation: Ranges from 687 feet to 1,060 feet above sea level
Average Annual Temperature: 44.7° F
Major Economic Sectors: Services, trade, manufacturing, government
Major Colleges and Universities: University of Minnesota–Twin Cities; University of St. Thomas-Minneapolis
Daily Newspaper: Star Tribune

About the City
The largest city in Minnesota, Minneapolis is the seat of Hennepin County and the sister city of Saint Paul, with which it forms the 15-county Minneapolis-Saint Paul metropolitan statistical area. The city encompasses within its boundaries 16 lakes (said to have been formed by Paul Bunyan's footprints) and is noted for its natural beauty and parklands. First a milling and lumbering center, Minneapolis today has one of the largest concentrations of high-technology firms in the nation.

History
Dakota Sioux were the region's sole residents until French explorers arrived around 1680. The United States Government pressed the Mdewakanton band of the Dakota to sell their land, allowing people arriving from the east to settle there.
The St. Anthony Falls provided the source of power for lumber and flour milling, the two industries that fueled the city's rapid growth. Soldiers built the first flour mill in 1823 and the first commercial sawmill was in operation in 1841. Attracting settlers from New England, particularly lumbermen from Maine, the rich land was ready for settlement.

Economy
The economy of Minneapolis is one of the primary reasons this city is so attractive to many people seeking to relocate.
Next to other cities of comparable size and population, the education rate and median household income is higher, the unemployment rate is lower, and housing is much more affordable.
The Twin Cities combine to contribute nearly two-thirds of Minnesota’s gross state product, which makes it an incredibly lucrative area to build a career in almost any profession.

Real Estate
The real estate market in Minneapolis has never been so accommodating to potential buyers. Thousands of homes are available across the city, and in the current buyer’s market, it is an excellent time to invest in property.
The city of Minneapolis is divided into 11 communities, and each community is divided into small neighborhoods, a total of 81 neighborhoods in Minneapolis.

Calhoun-Isles
Calhoun-Isles is an upscale, affluent area of Minneapolis, southwest of Downtown. This community contains the Uptown district.
Most of Minneapolis's nightlife, the upscale shops, and the restaurants to be seen in, are here. Three of the city's lakes, Lake Calhoun, Lake of the Isles, and Cedar Lake are in this community.
The nine neighborhoods in Calhoun-Isles are,BrynMawr, CARAG, Cedar-Isles-Dean, East Calhoun/ECCO, East Isles, Kenwood, Lowry Hill, Lowry Hill East, and West Calhoun.
Real Estate – Minneapolis Communities

Camden
The Camden community is in the north corner of the city, on the east bank of the Mississippi. The neighborhood is mostly residential, although it contains two industrial areas and the large Crystal Lake Cemetery. Camden is one of Minneapolis' most diverse neighborhoods.
The area is separated from central Minneapolis by the Near North community, and it doesn't have the lakes or as many of the amenities that the rest of Minneapolis enjoys.
Neighborhoods in Camden are, Cleveland, Folwell, Lind-Bohanon, McKinley, Shingle Creek, Victory and Webber-Camden.

Central
The Central community, as the name suggests, is in the middle of Minneapolis and contains the downtown area, the warehouse district, and many notable parks, museums, and historic buildings.
Neighborhoods in the Central community are, Downtown East, Downtown West, Elliot Park, LoringPark, North Loop, and Stevens Square/Loring Heights.

Longfellow
The Longfellow community, named after writer Henry Wadsworth Longfellow, is in the southeast of Minneapolis, bordering the Mississippi River, and containing Minnehaha Park and Waterfall.
Longfellow is very centrally located and has great connections to downtown Minneapolis and the rest of the city, and to St. Paul, just over the river. The Hiawatha Light Rail line runs along the western border of Longfellow, connecting it to downtown Minneapolis.
The neighborhoods in Longfellow are, Cooper, Hiawatha, Howe, Longfellow and Seward.

Near North
Near North is a community made of six neighborhoods northeast of downtown Minneapolis. The area is mainly residential.
Most homes are occupied by renters rather than owned by the occupants. The extreme south of the neighborhood is the quietest, and contains some affordable family homes.
Neighborhoods in Near North are Harrison, Hawthorne, Jordan, Near North, Sumner-Glenwood and Willard-Hay.

Nokomis
Nokomis occupies the southeast corner of Minneapolis, and is named after Lake Nokomis, a popular recreational lake. It is residential, and most housing here was built in the early part of the 20th century.
Nokomis could be considered a quiet community, in that there is low crime, and it is mostly residential. Except that Nokomis is snuggled up to Minneapolis/St. Paul International Airport and is right under the main flight path.
Neighborhoods in Nokomis are, Diamond Lake, Ericsson, Field, Hale, Keewaydin, Minnehaha, Morris Park, Northrop, Page, Regina and Wenonah.

Northeast
Northeast is in the north east corner of Minneapolis. It is an older, mostly Victorian, area of Minneapolis. Northeast is the traditional home of immigrants to the area, and sometimes it is called “Nordeast” in reference to early Scandinavian settlers, many of whose descendants still live in the area.
Northeast has residential, industrial, commercial and arts districts. The area is becoming popular with young people and families, and it still attracts new immigrants from around the world.
The neighborhoods in Northeast are Audubon Park, Beltrami, Bottineau, Columbia Park, Holland, Logan Park, Marshall Terrace, Northeast Park, Sheridan, St. Anthony East, St. Anthony West, Waite Park and Windom Park.

Phillips
Phillips is just south of downtown Minneapolis, and the area is often referred to as Midtown. This area has a mix of commercial, industrial and residential areas, and is one of the most diverse communities with residents of many nationalities.
The neighborhood has been seeing a lot of development in recent years with new construction of condos and apartments along Franklin Avenue, and the new Midtown Global Market and apartment development on Lake Street. Phillips has several major employers like Wells Fargo Mortgage, and Abbot Northwestern Hospital.
Neighborhoods in Phillips are East Phillips, Midtown Phillips, Phillips West and Ventura Village.

Powderhorn
The Powderhorn community is south of downtown. Powderhorn is bisected by I-35W, and the areas to the east and west of the freeway are noticeably different.
Powderhorn contains these neighborhoods, Bancroft, Bryant, Central, Corcoran, Lyndale, Powderhorn Park, Standish and Whittier.

Southwest
The Southwest community is in the south west corner of Minneapolis. This is almost entirely residential neighborhood, mostly built before World War II.
Most of this area is middle class and some areas are very affluent. All the housing in Southwest is more expensive than the average home in Minneapolis.
Neighborhoods in Southwest are, Armatage, East Harriet, Fulton, Kenny, King Field, Linden Hills, Lynnhurst, Tangletown and Windom.

University
The University community contains the University of Minnesota's Minneapolis campus, Nicollet Island, and the Weismann Art Museum. It has been gentrified significantly in recent years, mostly due to it's proximity to the downtown area. Unsurprisingly, many students live here, and cheap restaurants, bars and coffee shops abound.
The University Community neighborhoods are, Cedar-Riverside, Como, Marcy-Holmes, Mid-City Industrial, Nicollet Island/East Bank, Prospect Park, and University.

Education
Minneapolis has one of the best educated and most literate populations in the country. Minneapolis is home to the largest campus of the University of Minnesota, a highly regarded public university, as well as Augsburg College, a private liberal arts college.
Minneapolis has plenty of options for public and private schools. The best schools in the area - considering only test scores - are in the suburbs - and many parents in Minneapolis send their children to private schools in and around Minneapolis, or schools in other school districts.

Attractions
Minneapolis is home to many famous and iconic attractions including the Chain of Lakes, Minnehaha Park and Waterfalls, the Minneapolis Institute of Arts, Walker Art Center, Guthrie Theater and the Cathedral of St. Paul.
The city's Chain of Lakes is connected by bike, running, and walking paths and used for swimming, fishing, picnics, boating, and ice skating.
Minnehaha Park is one of Minneapolis’ oldest and most popular parks, attracting over 850,000 thousand visitors annually. It is located at the intersection of Hiawatha Ave. and Minnehaha Parkway.

Attractions
The Minneapolis Institute of Arts, built in 1915 in south central Minneapolis is the largest art museum in the city with 100,000 pieces in its permanent collection while the Walker Art Center houses one of the nation's "big five" modern art collections.
St. Paul's Cathedral is without doubt one of the most breathtaking religious buildings in America, famous for its enormous copper dome.

For further real estate information or to begin your home search:
John MazzaraRE/MAXAssociates Plus7300 France Ave SSuite 410Edina, MN 55435952-929-2577john@johnmazzara.comhttp://www.MinneapolisStPaulHomes.com

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Minneapolis Real Estate

by John Mazzara on Jun 14, 2010

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Minneapolis Real Estate — Presentation Transcript